Meta Platforms Inc Class A (META)
1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $550. Is It a Buy?
That price target implies 15% upside on the current share price. The pundit's new Meta note comes on the heels of news about one of its divisions.
If You Can Only Buy One Stock In July, It Better Be One of These 3 Names
The stock market's rally has raised concerns about an impending 10-15% correction. While mega-cap tech stocks have struggled, value stocks unaffected by AI hype may fare better.
Meta Platforms' Q2: What To Expect And What To Watch
Meta Platforms is set to report earnings for Q2 on July 24th, and I expect shares to rise, as revenue and earnings to top the higher end of consensus estimates. My optimism is based on strong consumer engagement, driven by the company's AI efforts and robust advertising momentum. I anticipate revenues of $39-40 billion, exceeding the guidance of $36.5-39 billion, and project Q2 operating income at around $15-16 billion, above the consensus estimate of $14.5 billion.
META Stock Outlook: Zuck's $5 Billion Ray-Ban Bet Signals Wearable AI Push
Meta Platforms (NASDAQ: META ) stock just got an interesting bit of news. The Wall Street Journal reported Meta was in talks to acquire a minority stake in EssilorLuxottica (OTCMKTS: ESLOY ), the parent of Ray-Ban sunglasses.
Billionaires Are Selling These 3 Artificial Intelligence (AI) Stocks Right Now
The AI market is still expanding. Yet billionaire hedge fund managers have been taking profits in Nvidia, Supermicro, and Meta -- all of which generated big gains over the past year.
Is Meta Platforms Stock a Buy in the Second Half of 2024?
Meta's 2023 turnaround efforts have been quick and effective. Meta reported a solid 27% growth in the first quarter of 2024.
Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations
A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the company's WhatsApp violated the country's data and privacy laws.
Meta content moderation vendors hit by global cyber outage
Some external vendors that police content on Facebook owner Meta's platforms were affected by the global tech outage that crippled airports, banks and hospitals on Friday, a Meta spokesperson said in response to a Reuters query.
Meta's AI Retreat May Signal EU Regulatory Minefield
Facebook parent Meta's decision to withhold its latest multimodal artificial intelligence (AI) model from the European Union highlights the growing chasm between Silicon Valley innovation and European regulation. Citing an “unpredictable” regulatory environment, per a report from The Verge, Meta joins Apple in pulling back AI offerings in the region.
Meta Platforms cost-cutting in Reality Labs division seen boosting stock sentiment
Reports Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is cutting spending by its virtual and augmented reality division Reality Labs could boost sentiment towards the stock, analysts at the Bank of America believe. It was reported by The Information on Thursday that the tech giant's Metaverse division, a passion project of CEO Mark Zuckerberg, has been told to cut spending on hardware development by 20% by 2026.
Nigeria's consumer watchdog fines Meta $220 million for violating local consumer, data laws
Nigeria's competition agency fined Meta Platforms $220 million after concluding investigations on data-sharing in its Facebook and WhatsApp platforms, the head of the Federal Competition and Consumer Protection Commission Adama Abdullahi said on Friday.
3 Future Dividend Aristocrats to Buy Now: July 2024
Dividend aristocrats attract many income investors who want to receive steady cash flow from their investments. High yields and consistent dividend hikes allow investors to cash in on their investments without selling shares.
